Tron has been known for its developments and updates regularly, and its CEO Justin Sun has been the spearhead in reaching out to the masses. Keeping with its trend, the Foundation recently announced the launch of the Nile Test Network made by the Tron community on the TRX blockchain. The official tweet from the Tron Foundation read:
#TRON community has launched Nile Test Network (https://t.co/rlnjT3eJ1H), of which the code version is consistent with the Main Network, is very stable, like the Nile, a steady stream and never roll back!
For more details👇https://t.co/S60zDd9XUF— TRON Foundation (@Tronfoundation) November 20, 2019
The Nile Test Network’s public Full Node is at 47.252.19.181, 47.252.3.238, while the test network’s browser can be found at http://18.190.104.70:9000/. Following the release of this news, a majority of the community was thrilled at Tron’s inclusivity programs. Tron has launched several testnets developed by its community since the firm has always claimed its users give the best feedback to the blockchain that way.
The Justin Sun led company has also asserted several times that as the number of developments goes up, the value of the cryptocurrency will proportionately go up too.
At press time, however, the entire cryptocurrency market was amid a price pullback after the bear attacked the market midweek. As Bitcoin fell, the rest of the cryptocurrency market followed suit, including Tron. The cryptocurrency was trading for $0.017, with a total market cap of $1.13 billion. TRX’s market volume had fallen to $1.13 billion, coincidentally the same amount as the market cap.
The Nile Network comes on the back of several other testnets on the Tron blockchain, with the Sun Network being a significant example. The Sun Network works as a second-tier solution for the Tron network with the potential for covering a more substantial amount of transactions than the current blockchain. During the launch of that particular testnet, Justin Sun had tweeted:
“SunNetwork Testnet Has Officially Launched. The overall solution of SunNetwork will provide unlimited scaling capacity for TRON MainNet, bringing in more possibilities to development of TRON’s DApps and entire ecosystem.”
Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.
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